According to TechCrunch, Norwest raised a $4 billion fund on Thursday, marking its 18th fund and largest to date as it deepens commitment to AI. The fund will invest across consumer, healthcare, and technology sectors, with focus on physical AI, voice AI, agentic cybersecurity, and aerospace. Norwest, backed by Wells Fargo, will deploy capital across the United States, India, and Israel. Since its 17th fund closed in 2024, the firm has made over 87 investments.

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